ABC Bullion Monthly Market Update April 2025

Precious metal markets saw renewed strength this week, with gold in particular catching a strong bid, last trading back above USD $3,300 per troy ounce (oz).

Silver is also on more stable footing, last trading just above USD $32.50oz, with the gold to silver ratio sitting at just over 100.

This weeks rally, which caught some market participants by surprise, follows on from a brief period of consolidation from late April to early May in which the USD gold price corrected by approximately 7%.

Silver was also in correction mode during that phase, and at one point had fallen by closer to 15%, with clients of ABC Bullion taking advantage of the price dip to increase their holdings of both precious metals.

The just released ABC Bullion monthly market update to end April covers all the latest developments in the precious metals space, including;

• Recent performance trends

• Where gold sits relative to other markets

• Investor positioning

We also take a look at where the market sits relative to its 200-day moving average after the recent price action.

Jordan Eliseo
General Manager, ABC Bullion Australia

^{Disclaimer: This document has been prepared by Australian Bullion Company (NSW) Pty Limited (ABN 82 002 858 602) (ABC). The information contained in this document or internet related link (collectively, Document) is of a general nature and is provided for information purposes only. It is not intended to constitute advice, nor to influence any person in making a decision in relation to any precious metal or related product. To the extent that any advice is provided in this Document, it is general advice only and has been prepared without taking into account your objectives, financial situation or needs (your Personal Circumstances). Before acting on any such general advice, we recommend that you obtain professional advice and consider the appropriateness of the advice having regard to your Personal Circumstances. If the advice relates to the acquisition, or possible acquisition of any precious metal or related product, you should obtain independent professional advice before making any decision about whether to acquire it. Although the information and opinions contained in this document are based on sources, we believe to be reliable, to the extent permitted by law, ABC and its associated entities do not warrant, represent or guarantee, expressly or impliedly, that the information contained in this document is accurate, complete, reliable or current. The information is subject to change without notice, and we are under no obligation to update it. Past performance is not a reliable indicator of future performance. If you intend to rely on the information, you should independently verify and assess the accuracy and completeness and obtain professional advice regarding its suitability for your Personal Circumstances. To the extent possible, ABC, its associated entities, and any of its or their officers, employees and agents accepts no liability for any loss or damage relating to any use or reliance on the information in this document. It is intended for the use of ABC clients and may not be distributed or reproduced without consent. © Australian Bullion Company (NSW) Pty Limited 2020.}